Zuger Kantonalbank (SWX:ZUGER) agreed to acquire the remaining 65.5% stake in Immofonds Asset Management AG from Schwyzer Kantonalbank and others on May 19, 2022. Schwyzer Kantonalbank will sell 34.5% stakes held. IFAM and Zuger Kantonalbank, the fund management company will retain its operational independence and will be run as an independent business unit of the cantonal bank in the future. The current management will remain on board, and all employees will continue to be employed. The company's registered office will also remain in Zurich.

Zuger Kantonalbank (SWX:ZUGER) acquired the remaining 65.5% stake in Immofonds Asset Management AG from Schwyzer Kantonalbank and others on July 14, 2022.